[149 Pages Report] Plastic Antioxidants Market size was valued at USD 1.61 Billion in 2016 and is projected to reach USD 2.11 Billion by 2022, at a CAGR of 4.5% from 2017 to 2022. In this study, 2016 has been considered the base year, and 2017-2022 as the forecast period to estimate the market size of plastic antioxidants market.

The objectives of the study include:

To analyze and forecast the market size of plastic antioxidants in terms value and volume

To define, describe, and segment the plastic antioxidants market on the basis of polymer resin and antioxidant type

To forecast the sizes of the market segments for regions such as Asia Pacific, North America, Europe, South America, and Middle East & Africa

To provide detailed information regarding the key factors, such as drivers, restraints, and opportunities influencing the growth of the market

To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market

To identify and analyze opportunities for stakeholders in the market

To analyze competitive developments, such as expansions, partnerships, agreements, acquisitions, and new product developments in the plastic antioxidants market

In this report, market sizes have been derived using both bottom-up and top-down approaches. first, the market size for polymer resin (polyethylene, polypropylene, polyvinyl chloride, polystyrene, acrylonitrile butadiene styrene and others), antioxidant type (phenolic, phosphite & phosphonite, antioxidant blends and others), and regions (Asia Pacific, North America, South America, Western Europe, Central & Eastern Europe, and Middle East & Africa) is identified through both secondary and primary research. The overall plastic antioxidants market sizes for various regions and countries have been calculated by adding these individual market sizes. The secondary resources include annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and so on. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

The plastic antioxidants market is estimated to reach USD 2.11 Billion by 2022, at a CAGR of 4.5% between 2017 and 2022. The growth of the market is driven by the replacement of conventional materials by plastics in various industries, and the increasing disposable income and rapid urbanization in emerging countries.

The usage of plastic antioxidants is estimated to be highest in Polypropylene (PP) polymer resin during the forecast period, due to susceptibility to oxidation and thermal degradation and presence of tertiary carbon atoms in PP. The Acrylonitrile Butadiene Styrene(ABS) polymer resin segment is projected to witness the highest growth between 2017 and 2022. The growth of this segment can be attributed to the increasing demand and manufacturing of ABS in Asia-Pacific, especially in China. Its strong and durable nature drives its demand in various industries, such as home appliances, electrical & electronics, and automobiles.

On the basis of type, the phenolic antioxidants segment dominated the plastic antioxidants markets. Phenolic antioxidants have the ability to interfere with chain propagation by terminating the free radical and can be used with all polymer resins. In addition, the rising global production and demand for polypropylene and polyethylene, where these antioxidants are majorly used, is estimated to fuel the growth of phenolic antioxidants.

Asia-Pacific was the largest market for plastic antioxidants in 2016, in terms of value. The market in the region is also estimated to witness the highest growth during the forecast period, in terms of value and volume. The growing population in the region, along with the increased disposable income and improved standard of living, is fueling the demand for plastics in consumer appliances, electric & electronic devices, agriculture, and automobiles. This increased demand for plastics is expected to drive the plastic antioxidants market in the coming years. Furthermore, the growth in the building & construction industry in the region fuels the demand for plastics, which is expected to propel the growth of plastic antioxidants.

Adverse health effects associated with the usage of synthetic plastic antioxidants are the major restraints for the growth of the plastic antioxidants market.

Figure 1 Plastic Antioxidants Market: Research DesignFigure 2 Plastic Antioxidants Market: Data TriangulationFigure 3 Polypropylene to Be the Largest Polymer Resin Segment Between 2017 and 2022Figure 4 Phenolic Antioxidants to Lead the Plastic Antioxidants Market Between 2017 and 2022Figure 5 Asia-Pacific Was the Largest Plastic Antioxidants Market in 2016Figure 6 Attractive Growth Opportunities in the Plastic Antioxidants Market Between 20172022Figure 7 Asia-Pacific to Be the Fastest-Growing Plastic Antioxidants Market Between 2017 and 2022Figure 8 China Accounted for the Largest Market Share in 2016Figure 9 Middle East & Africa to Be the Second Fastest-Growing Plastic Antioxidants Market Between 2017 and 2022Figure 10 Asia-Pacific Accounted for the Largest Share of Phenolic Antioxidants Market in 2016Figure 11 Factors Governing the Plastic Antioxidants MarketFigure 12 Porters Five Forces Analysis of Plastic Antioxidants MarketFigure 13 Polypropylene to Lead Plastic Antioxidants Market in Polymer Resin Segment Between 2017 and 2022Figure 14 Asia-Pacific to Be the Largest Plastic Antioxidants Market in Polypropylene Resin Segment Between 2017 and 2022Figure 15 Asia-Pacific to Lead Plastic Antioxidants Market in Polyethylene Resin Segment Between 2017 and 2022Figure 16 North America to Be the Second-Largest Plastic Antioxidants Market in Polyvinyl Chloride Resin Segment Between 2017 and 2022Figure 17 North America to Be the Second-Largest Plastic Antioxidants Market in Polystyrene Resin Segment Between 2017 and 2022Figure 18 Asia-Pacific to Lead the Plastic Antioxidants Market in Acrylonitrile Butadiene Styrene Resin Segment Between 2017 and 2022Figure 19 Asia-Pacific to Lead the Plastic Antioxidants Market in Other Polymer Resins Segment Between 2017 and 2022Figure 20 Phenolic Antioxidants to Account for the Largest Market Size Between 2017 and 2022Figure 21 Regional Plastic Antioxidants Market Snapshot: India is Expected to Drive Global Demand, Between 2017 and 2022Figure 22 Asia-Pacific Market Snapshot: China Led the Plastic Antioxidants Market in 2016Figure 23 North America Market Snapshot: U.S. Led the Plastic Antioxidants Market in 2016Figure 24 Market Ranking of Key Players, 2016Figure 25 BASF: Company SnapshotFigure 26 Songwon: Company SnapshotFigure 27 Adeka Corporation: Company SnapshotFigure 28 Solvay: Company SnapshotFigure 29 Clariant: Company SnapshotFigure 30 Sumitomo Chemical: Company Snapshot

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